Macquarie Group Ltd. reduced its holdings in Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) by 51.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 15,282 shares of the industrial products company’s stock after selling 16,100 shares during the quarter. Macquarie Group Ltd.’s holdings in Heritage-Crystal Clean were worth $307,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Cannell Capital LLC boosted its holdings in shares of Heritage-Crystal Clean by 13.1% in the 2nd quarter. Cannell Capital LLC now owns 690,199 shares of the industrial products company’s stock worth $13,873,000 after acquiring an additional 80,135 shares in the last quarter. Van ECK Associates Corp raised its position in Heritage-Crystal Clean by 20.3% in the 2nd quarter. Van ECK Associates Corp now owns 22,685 shares of the industrial products company’s stock worth $456,000 after purchasing an additional 3,825 shares during the last quarter. Citadel Advisors LLC bought a new position in Heritage-Crystal Clean in the 2nd quarter worth approximately $262,000. Globeflex Capital L P raised its position in Heritage-Crystal Clean by 14.5% in the 2nd quarter. Globeflex Capital L P now owns 17,400 shares of the industrial products company’s stock worth $350,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Heritage-Crystal Clean by 13.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 855,149 shares of the industrial products company’s stock worth $17,189,000 after purchasing an additional 98,389 shares during the last quarter. 59.04% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently weighed in on HCCI shares. BidaskClub upgraded shares of Heritage-Crystal Clean from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 21st. Zacks Investment Research upgraded shares of Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. Robert W. Baird upgraded shares of Heritage-Crystal Clean from a “neutral” rating to an “outperform” rating in a research report on Tuesday, September 25th. ValuEngine cut shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research report on Monday, September 17th. Finally, Barrington Research set a $24.00 price objective on shares of Heritage-Crystal Clean and gave the stock a “buy” rating in a research report on Thursday, July 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $25.17.
Shares of Heritage-Crystal Clean stock opened at $19.66 on Monday. The firm has a market cap of $492.09 million, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 1.72 and a beta of 1.79. Heritage-Crystal Clean, Inc. has a 52 week low of $17.10 and a 52 week high of $25.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.53 and a quick ratio of 1.99.
Heritage-Crystal Clean (NASDAQ:HCCI) last issued its earnings results on Wednesday, July 25th. The industrial products company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.20 by $0.06. The company had revenue of $100.30 million during the quarter, compared to analysts’ expectations of $92.52 million. Heritage-Crystal Clean had a net margin of 5.83% and a return on equity of 6.79%. As a group, sell-side analysts forecast that Heritage-Crystal Clean, Inc. will post 0.83 EPS for the current year.
About Heritage-Crystal Clean
Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.
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